Related: Poland ETFs Among Best Single Country Performers This Year

“Poland’s impressive ascent should only help strengthen other CEE countries, both economically and politically. Its president, Andrzej Duda, seems fully aware of this and has taken several important strides to improve not just Poland’s economy but the region’s as well,” reports ETF Daily News.

PLND and EPOL do not hedge their currency risks so an appreciating zloty has helped bolster U.S.-dollar denominated returns. Interestingly, Polish stocks are not pricey. For example, PLND has a trailing 12-month price-to-earnings ratio of just over 13, which is slightly below the multiple on the MSCI Emerging Markets Index and well below what the P/E ratio on the S&P 500.

For more information on the Polish markets, visit our Poland category.